A country has a current account surplus of $256 billion. This implies that ________
A) net factor payments from abroad is negative
B) payments received from foreigners exceed payments to foreigners
C) net transfers from abroad is negative
D) its imports exceed its exports by $256 billion
B
You might also like to view...
Before summer 2008, if you wanted a cell phone in Bhutan, you only had one choice: B-Mobile, owned and operated by the government. Then, this past spring, a privately owned competitor, Tashi, was let in
What do you predict will happen to equilibrium price and quantity in the cell phone market? A) Price will decrease and quantity will increase. B) Price will increase and quantity will decrease. C) Both price and quantity will increase. D) Both price and quantity will decrease.
The short-run price elasticity of demand for refrigerators is relatively inelastic
Indicate whether the statement is true or false
Which of the following statements is true
a. A firm should increase quantity as long as average cost is greater than price b. A firm should increase quantity as long as price is greater than marginal cost c. A firm should increase quantity as long as price is higher than average cost, regardless of the marginal cost d. A firm should increase quantity as long as marginal cost is greater than price
Loss aversion occurs when:
A. the consumer's valuation of an outcome is less sensitive, per dollar, to small losses than to small gains. B. the consumer's valuation of an outcome is more sensitive, per dollar, to small losses than to small gains. C. the consumer's valuation of an outcome is more sensitive, per dollar, to large losses than to small gains. D. the consumer's valuation of an outcome is less sensitive, per dollar, to small losses than to large gains.